Private Advisor Group LLC Purchases 981 Shares of Kinross Gold Co. (NYSE:KGC)

Private Advisor Group LLC boosted its stake in Kinross Gold Co. (NYSE:KGC) (TSE:K) by 8.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,238 shares of the mining company’s stock after purchasing an additional 981 shares during the quarter. Private Advisor Group LLC’s holdings in Kinross Gold were worth $115,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Atlas Capital Advisors LLC acquired a new stake in Kinross Gold in the second quarter worth $40,000. Fifth Third Bancorp grew its holdings in Kinross Gold by 3,524.4% in the second quarter. Fifth Third Bancorp now owns 9,641 shares of the mining company’s stock worth $80,000 after purchasing an additional 9,375 shares during the period. Blue Trust Inc. grew its holdings in Kinross Gold by 113.1% in the second quarter. Blue Trust Inc. now owns 11,327 shares of the mining company’s stock worth $94,000 after purchasing an additional 6,011 shares during the period. Bright Futures Wealth Management LLC. acquired a new stake in Kinross Gold in the first quarter worth $70,000. Finally, OLD National Bancorp IN acquired a new stake in Kinross Gold in the second quarter worth $95,000. 63.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Scotiabank raised their price target on shares of Kinross Gold from $9.50 to $11.00 and gave the stock a “sector outperform” rating in a report on Monday, August 19th. Jefferies Financial Group lifted their price objective on shares of Kinross Gold from $9.00 to $10.00 and gave the company a “hold” rating in a report on Friday, October 4th. Finally, StockNews.com upgraded shares of Kinross Gold from a “buy” rating to a “strong-buy” rating in a report on Saturday. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $9.50.

Kinross Gold Stock Down 2.2 %

Shares of NYSE KGC opened at $10.46 on Friday. Kinross Gold Co. has a 1 year low of $4.75 and a 1 year high of $10.82. The stock has a market capitalization of $12.85 billion, a P/E ratio of 17.14, a P/E/G ratio of 0.50 and a beta of 1.22. The company has a 50-day moving average price of $9.74 and a 200-day moving average price of $8.71. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.61 and a quick ratio of 0.52.

Kinross Gold (NYSE:KGC) (TSE:K) last released its quarterly earnings results on Tuesday, November 5th. The mining company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.05. Kinross Gold had a net margin of 15.23% and a return on equity of 11.49%. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the previous year, the company earned $0.12 earnings per share. The firm’s revenue for the quarter was up 29.9% compared to the same quarter last year. On average, equities research analysts forecast that Kinross Gold Co. will post 0.66 EPS for the current fiscal year.

Kinross Gold Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 28th will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend is Wednesday, November 27th. Kinross Gold’s dividend payout ratio (DPR) is presently 19.67%.

Kinross Gold Company Profile

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, Brazil, Chile, Canada, and Mauritania. The company operates the Fort Knox mine and the Manh Choh project in Alaska, as well as the Round Mountain and the Bald Mountain mines in Nevada, the United States; the Paracatu mine in Brazil; the La Coipa and the Lobo-Marte project in Chile; the Tasiast mine in Mauritania; and the Great Bear project in Canada.